secwatch.observer — SEC 8-K summary
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Issuer:     Public Storage (PSA)
CIK:        0001393311
Form:       8-K
Filed at:   2022-11-01T23:59:59+00:00
Accession:  0001393311-22-000034
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Public Storage Q3 Core FFO $4.13/share +20.8% YoY; special dividend $13.15 paid
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- Net income allocable to common shares $2,712M ($15.38 diluted EPS) vs $442M ($2.52) a year ago, driven by $2.1B gain on PSB sale.
- Core FFO per diluted share was $4.13, up 20.8% YoY; Same Store direct NOI margin 80.3% (+1.6pp).
- Acquired 24 self-storage facilities for $250.6M in Q3; subsequent to quarter end, 33 facilities for $262.6M.
- Paid special cash dividend of $13.15 per common share ($2.3B total) in August from PSB sale proceeds.
- Declared regular quarterly dividend of $2.00 per common share, payable Dec 29 to holders of record Dec 14.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1393311/000139331122000034/0001393311-22-000034-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1393311/000139331122000034/psa-20221101.htm
  HTML page:      https://secwatch.observer/filing/0001393311-22-000034

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